Argentine President Javier Milei has announced significant economic reforms since taking office two years ago, contributing to a sharp decline in inflation from 300% to approximately 30% annually. During his presidency, Argentina has reported a remarkable GDP growth rate of 5.3% year-over-year, achieving the highest growth in 20 years with a total of 4.5% accumulated growth over the first seven quarters. Notably, 238,000 jobs were created in the private sector, significantly exceeding the government job cuts.
Recent statistics reveal a substantial decrease in national poverty, now at 27.5%, down from 38.3% in Q3 2024, representing a year-over-year drop of 10.8 percentage points. Extreme poverty also fell by 3.8 percentage points from 2024 figures, demonstrating the positive effects of Milei’s “chainsaw economics” on millions of Argentine citizens.
These economic improvements come as Argentina continues to attract investments, with total exports reaching an all-time high, signaling recovery in the nation’s economy.
